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Apple stock falls on Q1 results, employee meeting today

Following the release of Apple’s Q1 results, the company’s stock dropped more than 10 percent in after-hours trading despite what the company said was its best quarter ever for revenues and net profits. Although Apple announced record sales of iPhones and iPads, sales of both Macs and iPods were down, based in part on limited availability of new iMacs, and possibly due to pricing of other models.

CEO Tim Cook has sent out an email announcing an internal Apple employee communications meeting for 10 a.m. Pacific today. Apple held a similar meeting after announcing last year’s Q1 results, and occasionally hints at upcoming plans during the talks, in which employees are encouraged to submit questions in advance. The meeting will be broadcast live throughout Cupertino and “at many other Apple locations.” [via 9to5Mac]